Arcus IT acquires managed services provider Itass

IT service provider Arcus IT Group, with seven branches across the Netherlands, has acquired industry partner Itass from Emmen. Arcus IT welcomes the 25 employees of Itass and adds a new office location in the Netherlands. Pride Capital Partners has been a financial partner in Arcus IT’s buy and build strategy since May 2020. The acquisition of Itass is the fourth acquisition since Pride Capital Partners stepped in.

___________________________________________________________________________

‚Deals in Europe‘

Private Equity Investments in Europe

  • 14-daily publication with ALL Private Equity Deals in Europe
  • With every ‚Deals in Europe‘ issue you will receive an update of ALL deals from the respective year as an Excel file
  • Detailed information of target, investors, buyer, seller and advisors

More information / EXAMPLE edition of ‚Deals in Europe‘

____________________________________________________________________________

Itass was founded in 2002 and has built up a specialization in workplace automation in the following years. With specific industry knowledge of financial services, automotive, industry/production and real estate, Itass mainly serves organizations in the North-Eastern part of the Netherlands. Itass’ services cover all workplace issues: Cloud solutions, security, telephony and management. This makes the activities fit perfectly in the service of Arcus IT.

According to Arcus IT CEO Rob Verbeek, this acquisition fits in the ambitions of the organisation: “With the acquisition of Itass, we are further expanding our service, both in quality and in local presence. The location in Emmen ensures that we can serve organizations in the North-East of the Netherlands even better and faster. Thanks to the addition of the Itass staff to the Arcus IT team, we can now build on the qualities and experience of almost 200 IT professionals. In a dynamic and comprehensive market like this, such a foundation is necessary according to our vision.”

Wim Langen, director of Itass, is satisfied with this step: “I have been looking for a party that can strengthen Itass and where the continuity of Itass is guaranteed. I have found this party in Arcus IT and I am convinced that they will ensure optimal succession, both for our relations and for all employees.”

__________________________

Arcus IT Group BV

Arcus IT is a leading player in the Dutch market with over 2,500 clients in multiple focus sectors, including accountancy, healthcare and SMEs. Arcus IT has a broad product and services portfolio, including online workplaces, Microsoft 365, IT-security, VoIP-telephony and online backup solutions. In order to serve its customers efficiently, Arcus IT Group has its own Cloud platform and uses public cloud services such as Micosoft Azure.

Pride Capital Partners

Pride Capital Partners is a specialized private debt company that finances profitable and growing companies in the software and IT market. Typical scenarios are growth, acquisitions and management buyout (MBO) transactions. The focus is on the Benelux and DACH region. Pride Capital Partners has offices in Amsterdam and Cologne.

Pride Capital Partners’ funding is provided by its own shareholders, as well as institutional investors, family offices and (former) entrepreneurs. The portfolio includes The Valley, Spotzer, Bright River, Bluefield and German companies eKomi, KAIROS and Link11.

(source)